Yorkville Advisors Global LP acquired a new stake in shares of Terrestrial Energy Inc. (NASDAQ:IMSR – Free Report) during the 1st quarter, HoldingsChannel reports. The institutional investor acquired 122,000 shares of the company’s stock, valued at approximately $733,000. Terrestrial Energy comprises approximately 0.4% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 20th biggest holding.
Separately, Swiss National Bank acquired a new stake in Terrestrial Energy in the 1st quarter worth approximately $340,000.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Terrestrial Energy in a research note on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Terrestrial Energy currently has an average rating of “Hold” and an average price target of $13.50.
Terrestrial Energy Price Performance
IMSR stock opened at $5.38 on Thursday. The firm’s fifty day simple moving average is $7.04 and its 200-day simple moving average is $7.46. The company has a market capitalization of $569.90 million, a P/E ratio of -53.80 and a beta of 2.24. Terrestrial Energy Inc. has a 12 month low of $4.38 and a 12 month high of $31.50.
Terrestrial Energy (NASDAQ:IMSR – Get Free Report) last released its quarterly earnings data on Monday, March 30th. The company reported ($0.50) earnings per share for the quarter. As a group, sell-side analysts forecast that Terrestrial Energy Inc. will post -0.46 earnings per share for the current year.
About Terrestrial Energy
Terrestrial Energy Inc produces carbon free nuclear energy in North Carolina and internationally. The company was founded in 2013 and is headquartered in Charlotte, North Carolina.
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